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MNI China Daily Summary: Thursday, June 8
MNI BRIEF: BOJ's Kuroda Regrets Not Achieving 2% Price Target
Bank of Japan Governor Haruhiko Kuroda said on Friday that it was regrettable the 2% price target hasn’t been achieved, although Japan is no longer in a deflationary environment.
Kuroda told reporters after his last regular policy setting meeting that the current situation will enable firms to raise wages in the wake of tighter labor market conditions, paving the way to achieving the 2% inflation target.
He said it was extremely important for the BOJ to maintain easy policy for the time being, not only to create an environment that enable firms to raise wages but also to achieve the 2% price stability target.
“(I) hope the new governor shows his ability to achieve the stability of prices and financial system,” Kuroda said.
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